Iran has staged a parade of missiles, elite troops and defence hardware in a show of strength after a new military aid deal was reached between the US and Israel.

Footage from separate parades in Tehran and in the southern port of Bandar Abbas showed the weaponry being driven through the streets in front of watching crowds.

The regime also unveiled a new missile, called Zolfaghar, being carried by a truck with a 2013 quote from Supreme Leader Ayatollah Ali Khamenei printed on the side.

The comment speaks of Iran annihilating Tel Aviv and Haifa should Israel attack.

Image:Iranian missiles on display in Tehran during an annual parade

News agency Tasnim said the new missile was "long range ballistic", with a cluster warhead.

Another news agency, ISNA, said it had a range of 435 miles.

Zolfaghar is the name of the sword used by Imam Ali, who according to Shia belief was a cousin of the Prophet Mohammed and his successor.

Image:Elite Iranian troops parade in Tehran

The annual parade in Tehran marks the anniversary of the beginning of the war between Iran and Iraq that ran between 1980 and 1988 and claimed more than a million lives.

General Mohammad Hossein Bagheri, head of the country's armed forces, said the $38bn deal between Israel and Washington "will make us more determined in strengthening the defence power of the country".